Chevrolet Corvette Stingray C7 Forum - View Single Post - Not Good, GM wants another 16 or is it 9 Billion to Survive.

Design1stCode2nd · 02-18-2009, 01:06 PM

Unless the management and culture of GM NA is changed dramatically no amount of money is going to help. There are really bright and passionate people working for GM but they are stuck in a culture that doesn't tolerate dissent or new ideas and long term thinking. They are always looking for the next big thing or a moonshot.

Give GM the 16 bil they are asking for and I'll bet you they will be back in 9 months for more when car sales hit 9m/yr in NA when they expected 10m/yr.

I've said all along they need chapt. 11 with DIP financing. Sure it will cost more but in the long run it will cost less and you should have a profitable class leading company again.

Look at what Ford has done by just changing some of the leadership and being open to changing the culture.

02-18-2009, 01:06 PM	#175
Design1stCode2nd Drives: four wheels Join Date: Oct 2007 Location: usa Posts: 585	Unless the management and culture of GM NA is changed dramatically no amount of money is going to help. There are really bright and passionate people working for GM but they are stuck in a culture that doesn't tolerate dissent or new ideas and long term thinking. They are always looking for the next big thing or a moonshot. Give GM the 16 bil they are asking for and I'll bet you they will be back in 9 months for more when car sales hit 9m/yr in NA when they expected 10m/yr. I've said all along they need chapt. 11 with DIP financing. Sure it will cost more but in the long run it will cost less and you should have a profitable class leading company again. Look at what Ford has done by just changing some of the leadership and being open to changing the culture.